Comment on US stocks fall in early trade as Greece debt woes escalate

US stocks fall in early trade as Greece debt woes escalate

Major markets in Europe took a battering following news over the weekend that Greece's eurozone partners refused to extend the country's bailout program. COMMENT: "The initial market reaction is negative," said Dan Greenhaus, chief strategist at the brokerage BTIG, in a note to clients, "but as we've been saying, 2015 isn't 2011; we do not think this is Armageddon for the global economy." European officials refused to extend the country's bailout program, which expires Tuesday, and the European Central Bank capped its emergency support for the country's banks. The FTC argued that the merger it would reduce competition by putting three-quarters of U.S.

 

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